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The importance of service credit
A key factor in calculating your retirement allowance under the Qualified Pension Plan (QPP) is your Total Service Credit. It helps to determine whether you’re eligible to retire and the amount you’ll receive when you do.
3 reasons to love our pensions
As UFT members employed by the city Department of Education, it is important to understand the crucial role pension plans play in attracting and retaining talented educators and other school staff and ensuring financial security in retirement.
TDA contribution limits for 2025
The IRS has announced how much employees can contribute to their tax-deferred annuity account in the 2025 calendar year.
Planning for difficult decisions
Many of us who retire at age 62 can expect to live longer than our forefathers. But to be safe, it's important to prepare by having family discussions about what to do in the event of a debilitating illness or death. Here is a list of topics to...
Your retirement timeline
Whether you are a new member, in mid-career or close to retirement, there are steps you can take to learn about your pension benefits and stay on track as you progress down the road to a financially secure retirement.
Designating your beneficiaries
You possess a valuable financial asset from participating in a defined-benefit pension system and saving money in a tax-deferred annuity. That’s why it’s important to designate beneficiaries, keep your beneficiary designations current after life...